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The auction secured capacity commitments of 32,810 megawatts to meet the region’s projected demand for electricity in 2025-2026.
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Preliminary clearing prices ranged from $2.639 per kilowatt-month to $2.531 kW-month across different pricing zones.
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The ISO plans to release the auction results during the week of March 7.
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ISO New England submitted two filings to FERC Tuesday regarding the Forward Capacity Market.
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ISO New England conducted the 16th Forward Capacity Auction as scheduled Monday.
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The annual capacity auction began as scheduled following a D.C. Circuit Court of Appeals order.
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Held each February, the auction procures resources to meet the region’s capacity needs in three years.
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